Indonesian mining giant Petrosea (PTRO) has entered Pakistan’s mining sector with a $26 million EPC agreement for the Reko Diq gold and copper project in Balochistan. The deal marks Petrosea’s first venture in Pakistan, signaling growing international confidence in the province’s mining potential.
Indonesian engineering and mining services company Petrosea (PTRO) has signed an initial implementation agreement with the Reko Diq Mining Company (RDMC), marking its first engineering, procurement, and construction (EPC) venture in Pakistan.
Under the Limited Notice to Proceed, Petrosea and its wholly owned subsidiary Petrosea Solutions Pakistan will provide EPC services for the Reko Diq gold and copper project — one of the world’s largest mining ventures located in Balochistan, Pakistan.
The $26.2 million (approximately Rp 432 billion) contract includes construction of concrete foundations for the dry plant, wet plant, and non-process infrastructure, along with detailed earthworks. The project is expected to continue for around ten months.
“This agreement represents Petrosea’s business expansion and the development of our EPC services beyond Indonesia, supporting diversified and sustainable growth,”
said Michael Kurniawan, President Director of Petrosea.
With more than five decades of experience, Petrosea provides integrated mining and energy services, including EPC, offshore engineering, and logistics. The company recently expanded through Hafar Group, focusing on offshore EPCI services in the non-coal sector.
The Reko Diq project has already attracted $5 billion in external financing offers from global financial institutions, including the Asian Development Bank, World Bank, and US EXIM Bank. Pakistan’s state-owned enterprises — OGDCL, PPL, and GHPL — have doubled their investment to $1.88 billion, while major international firms such as Fluor Corporation (USA) and Komatsu (Japan) are setting up engineering and equipment hubs to support the project.
Industry analysts say these partnerships highlight that Balochistan is emerging as a new center for international collaboration, signaling growing investor confidence in the province’s stability, resources, and future economic potential.
